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Bloomberg
The European Union’s top trade official held out the prospect of a long-sought deal with the US on aircraft subsidies before President Donald Trump leaves office.
EU Trade Commissioner Valdis Dombrovskis said “it’s possible†that both sides will reach an agreement by January 20 governing aid to Boeing Co and Airbus SE. He reiterated an offer to remove EU retaliatory tariffs on $4 billion of American goods if the US does the same for its duties on $7.5 billion of European products.
“The solution which would be preferred by the EU would be that both sides withdraw or at least suspend their tariffs and we reach agreement on future disciplines in the area of civil aviation,†Dombrovskis said in an interview.
An accord before the incoming administration of US President-elect Joe Biden would mark a surprise turn of events after months of tensions and stalemate — and officials in Europe are cautious about the likelihood of an imminent breakthrough.